2,400 jobs at risk again as Toys R Us UK future back in doubt

The news comes just weeks after the UK arm of the toy retailer was saved from collapse three days before Christmas

Toys R Us UK is again under threat amid reports that its US parent company is seeking a buyer for the British business just weeks after securing support for a rescue plan.

According to Sky News, Alvarez & Marsal, the company dealing with the US retailer’s bankruptcy protection, has begun the search for a potential buyer and hopes to sanction a deal within the coming weeks.

It is reported that if new investment cannot be found then administration is a possible outcome even though a Company Voluntary Agreement (CVA) was reached just before Christmas.

The CVA was gave the company time to restructure by closing 26 of its loss-making stores and securing big rent reductions at many others.